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marissa [1.9K]
3 years ago
7

Suppose you borrow money for 6 months. If the interest rate is compounded monthly, the formula

Mathematics
1 answer:
Alinara [238K]3 years ago
6 0

Answer:

$1045.85.

Step-by-step explanation:

A=p(1+r/12)^6

Here  r = 0.09, P = $1000 so

Amount of money needed to pay off the loan =

1000(1 + 0.09/12)^6

= $1045.85.

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FIRST ANSWER GETS BRANLIEST
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There are two steps to this problem. The first step is to make an equation for the cost of each company. The cost of each one involves 2 variables. However, we can ignore the number of days since the question asks for per day.

CostA = 90 + .40(miles)

CostB = 30 + .70(miles)

We want to know when A is a better deal or when A costs less. That is when CostA < CostB. We can then substitute the right sides of our equations into the inequality. This will give:

90 + .40(miles) < 30 + .70(miles)     This is where we will now begin to solve for the number of miles.

-30                      -30                       Subtract 30 from both sides.

60 + .4(miles) < .7(miles)                Simplify

      -.4(miles)   -.4(miles)                Subtract .4(miles) from both sides

60 < .3(miles)                                 Simplify

/.3     /.3                                        Divide both sides by .3

200 < miles                                   Simplify

So for A to cost less the number of miles must be greater than 200.

5 0
3 years ago
What is FG?<br><br> NEED HELP QUICK!!
egoroff_w [7]

Answer:

FG = 18

Step-by-step explanation:

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54x = 24x + 240 ( subtract 24x from both sides )

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x = 8

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2 years ago
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slava [35]
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3 years ago
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Answer:

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Answer:

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